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CIC Eyes Chiswick Park Acquisition from Blackstone Group

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The China Investment Corporation (CIC) is in key discussions with the Blackstone Group on acquiring the 33-acre Chiswick Park. Located in West London, Chiswick Park is a former brownfield industrial site that currently has tenants such as Ranbaxy, Tullow Oil and Pepsi. In March 2011, the Blackstone Group LP bought the site from the Chiswick Park Unit Trust which consisted of Stanhope, Schroders and Aberdeen Asset Management for £480 million.

The CIC is no stranger to London real estate.

Between 2009 and 2011, the Blackstone Group embarked on a London real estate shopping spree. Then in the beginning of 2011, the private equity firm has been attempting to unload these major core properties such as Broadgate to large long-term oriented buyers such as sovereign wealth funds.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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